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Six-tenant retail center snagged by Denver investor for $2 million

Broomfield County Address: 555 U.S. Highway 287, Broomfield, “Park Plaza Commons” Improvements: 12,407-sf, single-story, six-tenant retail building, YOC 1967 Date of Recording: 12/1 Reception No.: 2017014798 Price: $2M, or $161.20 psf Grantor: J&Y Capital Inc., Bokin IM, pres. Grantee: Park Plaza Associates LLC, Eric R. Miller, mgr. Financing: $1.54M payable to Academy Bank, N.A., Kansas…

John Winslow

December 28, 2017
Pyramid Pointe

Graham Street Realty buys 2nd set of Denver metro office assets

San Francisco-based Graham Street Realty added to its Denver portfolio with a pair of Englewood office buildings. Pyramid Pointe, a 120,279-square-foot building at 9777 Pyramid Court in Meridian International Business Center, and 384 Inverness, a 51,523-sf building in Inverness Business Park, sold for $19.4 million. Westcore Properties and American Realty Advisors sold the properties in…

Jill Jamieson-Nichols

December 23, 2017
1401 Lawrence

Heitman affiliate buys 1401 Lawrence

An affiliate of Chicago-based Heitman LLC has acquired 1401 Lawrence, a premier downtown Denver office tower. The newly constructed 309,988-square-foot Class AA office tower is located adjacent to Larimer Square and the Four Seasons hotel, at the convergence of Denver’s lower downtown and central business district. Mike Winn, Tim Richey, Chad Flynn and Jenny Knowlton…


December 21, 2017

The Contractor’s Trust Fund Statute: A powerful remedy for developers

The Contractor’s Trust Fund Statute, C.R.S. § 38-22-127, is an extremely powerful remedy available to owners and developers of a construction project, yet it rarely is utilized. The purpose of this article is to illustrate the benefits and


December 4, 2017

Northern Colorado enjoys healthy market performances

The population of Northern Colorado (Larimer and Weld counties) is projected by the state of Colorado to grow by 45 percent (approximately 275,000 people) to approximately 900,000 people between now and 2030, making this one of


December 4, 2017

Springs achieves highest rent growth in area

These are rare circumstances we’re experiencing in Colorado Springs – accelerating job growth, 7 percent apartment rent growth, 4 percent market vacancy and restrained apartment development. Colorado


November 27, 2017
Archer Tower

Airbnb: The $31 billion gorilla in the room

Revenue generated by the sharing economy totaled $15 billion in 2014, a figure expected to grow to $335 billion by 2025, propelled by exponential growth of Uber and that $31 billion gorilla in the room – Airbnb.


November 13, 2017
Comp of the Day handshake image

Westminster REO shopping center snagged for $42.76 per square foot

Jefferson County Property Location: 6735- 6795 W. 88th Ave., Westminster Property Description: 99,397-sf retail building, YOC 1989, masonry construction, renovated in 2004 Land Size: 8.448 acres Sales Price: $4.25M, or $42.76 psf Reception No.: 2017101132 Closing Date: 9/30 Grantor: 6755 West 88th Avenue Holding LLC, Alex Killick, SVP for CW Capital Asset Management, by: Wells…

John Winslow

November 6, 2017
Comp of the Day handshake image

Century Communities pays $7.5 million for Thornton lots

Adams County Property Location: SWC E. 120th Avenue & Quebec Property Description: Vacant land including 276 residential platted lots, 12.91 acres on the SWC of E. 120th Ave. & S. Quebec & 30.26 acres of open space Land Size: 98.59 acres Sales Price: $7.5M, or $1.75 psf, or allocation of $15,272 per lot Reception No.:…

John Winslow

October 31, 2017
Comp of the Day handshake image

Brighton Chase bank building sells to tenant for $933.49 psf

Adams County Property Location: 411 Bromley Lane, Brighton, “Chase Bank” Property Description: 4,285-sf freestanding bank building, YOC 2012, masonry Land Size: 31,462 sf Sales Price: $4M, or $933.49 psf Reception No.: 87888 (2017) Closing Date: 10/5 Grantor: 4th & Bromley LLC, Brad A. McNealy, mgr., 303-571-4650 Grantee: JPMorgan Chase Bank, Heather Beattie, contact, 303-244-3038 Comments:…

John Winslow

October 24, 2017